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    Regular Savings Account

    We will help you find a way to achieve your goals!

    FEATURES

    • Open your account with a minimum of JA$2500
    • JN 24/7 ATM card
    • Competitive interest rates

    BENEFITS

    • Discounts from almost 200 merchants with your JN card
    • Online banking using JN LIVE 
    • Free transactions at JN ATMs
    • 10% discount on Jamaica Automobile Association membership fee
    • 20% discount on motor vehicle insurance with JN General Insurance Company Ltd.

    Are you a household worker; a self-employed person, such as a barber, hairdresser or construction worker; or a beneficiary of a government assistance programme, such as PATH? Click here for information on how to open your account

    • You must be 18 years or older
    • Proof of your address. At least one of the following:
      • Utility bill not older than six months
      • Receipt
      • Other bills
    • Proof of employment- letter from employer, pay slip, valid work ID (if self-employed, the nature of self-employment)
    • Telephone number(s) – (home, work and mobile)
    • Current and valid photo identification
    • Taxpayer Registration Number (TRN) OR Jamaican Driver’s licence bearing this number
    • Occupation and name of employer (if self-employed, the nature of self-employment)
    • Name and contact number for Two (2) references
    • The minimum amount of JA$2500 required for opening the account
    • Source of funds/ Proof of income

    Local Applicants (Residents):

    • Fully Completed CIF for all applicants
    • Proof of Residential Address (recent utility bill, bank statement, other official mail, property tax receipt, lease agreement or rent receipt (rent receipts should indicate clearly the address of the property))
    • Proof of Employment (letter from employer, recent pay slip or valid work ID)
    • Current & Valid Identification
    • Tax payer Registration Number (TRN) OR Jamaican Driver’s licence bearing this number
    • Name & Telephone Contact of 2 Character References
    • Completed Account Signature Card
    • Completed Self Employment Verification Form
    • Completed Self Certification Form (Individual)

    * If a child below 16 years is to be added to this account, the child’s Birth Certificate is required.

    Overseas Applicants (Non-Residents):

    • Fully Completed CIF for all applicants
    • 2 Proof of Residential Address (Notarized copy of recent utility bill or bank statement)
    • Proof of Employment (letter from employer, recent pay slip or valid work ID)
    • 2 Current & Valid Identifications duly notarized. (For Non-Jamaicans, at least one (1) ID must be a passport or permanent resident card)
    • 2 Completed Character Reference Form (Non-Jamaicans need at least 1 referral from a reputable financial institution)
    • Notarized copy of Birth Certificate for Minors and Non-Jamaicans
    • Notarized copy of your Tax Number
    • Completed Account Signature Card
    • Letter detailing instructions to JN Bank to establish new account and any additional instructions. (Include your choice of savings and reason for opening account in Jamaica in letter)
    • Completed Self Employment Verification Form
    • Completed Self Certification Form (Individual)

    If the original documents are presented to the UK Rep Office, do not need to be notarized.

    How is interest calculated on my regular savings account?

    The interest on your savings account is calculated daily and paid once per year.

    Is the interest on my money in my regular savings account taxed?

    Yes. The interest on your savings is subject to a withholding tax of 25%.

    How can I check the balance in my account without visiting a branch or MoneyShop?

    Banking with JN is convenient and easy. You can check the balance in your account at your convenience using our online banking platform JN LIVE. To register, visit www.jnbslive.com.

    Can I transfer funds from my account to other accounts online?

    Of course you can. Register to use our online banking platform, JN LIVE, by visiting www.jnbslive.com, and transfer funds from your account to your other JN accounts or third party JN account holders, or to accounts at other local commercial banks. You can also wire funds to banks overseas using JN LIVE.

    Can I borrow against funds in my regular savings account to access a loan from JN Bank?

    No, you cannot use savings in your JN FX account to secure loans from JN.  You can only use savings in select JN Bank contractual savings accounts to access a Term Share loan.

    Can I open a regular account at a JN Bank MoneyShop?

    Yes, you may visit any JN MoneyShop to open your account. Visit our ATM/ Branch locator page to find your closest JN MoneyShop or branch and opening hours.

    Do I have access to any benefits from the JN Group by having a regular account at JN Bank?

    Yes, you can access a wide range of discounts at other companies in the JN Group, such as the Jamaica Automobile Association and JN General Insurance Company; and, you can use your JN ATM card to access discounts from several merchants who are a part of the JN Rewards programme.